Trump Sparks Korean Capital Flight With $350 Billion Demand
Kim Ji-yeon is so worried about South Korea’s currency that she’s moving all the money she can into US stocks and gold. A key reason: Korea’s pledge to invest $350 billion in the US, a figure that has stoked fears of spiraling losses in the currency.
“The Korean won is turning into toilet paper,” said Kim, a 32-year-old office worker in Seoul.